Sit Dividend Growth Fund Class S
SDVSX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 3300 Ids Ctr, 80 South 8th St Minneapolis MN United States of America 55402-4130
- IPO Date
- Mar 31, 2006
- CIK
- 0000877880
- Website
- sitfunds.com
- Similar Companies
- Business
- Sit Dividend Growth Fund Class S (SDVSX) is an open-end mutual fund that primarily seeks current income exceeding the dividend yield of the S&P 500 Index, with growth over time, and secondarily long-term capital appreciation. The Fund invests, under normal market conditions, at least 80% of its net assets in dividend-paying common stocks of large-cap, growth-oriented companies exhibiting potential for earnings growth, increasing dividends, strong cash flows, dominant market shares, and unique products or services; it may allocate the balance to preferred stocks, convertible bonds, U.S. Treasury securities, and closed-end investment companies. Up to 20% of assets may be invested in non-U.S. issuers, with holdings blending growth and value characteristics primarily in U.S. equities across sectors such as technology and energy. Sit Investment Associates, Inc., an employee-owned investment adviser founded in 1981 and headquartered in Minneapolis, Minnesota, serves as the Fund's adviser, managing approximately $16.6 billion in assets with a sole focus on investment management. The Fund offers Class S shares (ticker: SDVSX; inception: March 31, 2006; CUSIP: 82980D-80-6) with a minimum initial investment of $5,000 ($2,000 for IRAs), a net expense ratio of 0.95% (reflecting a contractual management fee waiver of 0.30% through June 30, 2026), and total net assets of about $17.4 million as of the latest reporting. Class I shares (SDVGX; inception: December 31, 2003) are available for larger investors with a $100,000 minimum. Portfolio managers include Roger Sit and Kent Johnson. Recent developments include an updated summary prospectus dated November 1, 2025, incorporating current investment strategies, expense waivers extended through mid-2026, and portfolio turnover of approximately 51%; the adviser maintains flexibility to modify or terminate the fee waiver thereafter with Board approval. The Fund continues to emphasize dividend growth stocks amid market volatility, with top holdings as of recent data including Microsoft Corp., Apple Inc., Broadcom Inc., NVIDIA Corp., and Exxon Mobil Corp., representing over 22% of assets. No major acquisitions, partnerships, or strategic shifts have been announced in the past 1-2 years, with operations focused on U.S. investors through platforms like Fidelity and Schwab.